MURDERED gangster Kevin “Gerbil” Carroll’s home has been sold at a knockdown price after being seized by prosecutors.

The four-bedroom detached house was grabbed under proceeds of crime laws last May.

Carroll – who was gunned down in a gangland execution outside a supermarket – had paid £216,000 for his home in 2008.

But it failed to attract any bids when it went up for auction last September at a guide price of £165,000.

Property records reveal the house in Lennoxtown, near Glasgow, sold last month for £152,500.

Profits from the sale are to be handed over to community projects across Scotland.

Carroll’s next of kin did not contest the Crown Office’s action to seize the house.

The Court of Session ruled he obtained the house “through his involvement in organised crime, violence, drug dealing and his obtaining of mortgages by fraud”.

His partner Kelly Green, 31, and her three sons moved out of the house days after the order was granted. Carroll, 29, was shot dead as he sat in a car outside Asda in Robroyston, Glasgow, in January 2010.

Potential buyers had been told the property was seized by the Government under legislation targeting criminals – but not the identity of its notorious former owner.

However, documents including a copy of Carroll’s death certificate, which showed he died of gun shot wounds, were later released to would-be buyers.

Much of the house had been stripped bare but reminders of Carroll’s time there could still be seen by those who went to view it.

The mono-block driveway and garden were littered with weeds and abandoned children’s play equipment, including a chute and swings.

Carroll had the loft converted into a “cinema room” which could be accessed by a ladder.

The mobster also had the garage of the house turned into a children’s playroom, with wooden flooring and lurid wallpaper.

Last May, Ross Monaghan, 30, was cleared of Carroll’s murder after a judge at the High Court in Glasgow ruled there was insufficient evidence to convict him.

During the trial, the jury heard Carroll described as a “nutcase” who used extreme violence and torture on his enemies.

He was so feared that police had drawn up a list of 99 potential suspects for his killing.

Last night, a Crown Office spokesman confirmed the house had been sold but refused to comment further.